KRS 154.33-530: Disclosure of conflict of interest of member, officer, or employee of the

board.

If any member, officer or employee of the board shall be interested either directly or

indirectly, or shall be an officer or employee of or have an ownership interest in any firm

or corporation interested directly or indirectly in any grant, loan, or investment from the

Kentucky Appalachian regional development fund, including any loan to any sponsor,

builder, or developer, the interest shall be disclosed clearly in the appli cation and shall be

set forth in the minutes of the board, and the member, officer, or employee having an

interest therein shall not participate in the application process.